#E-bikes Market

[adityarana1687-blog]

E-bikes Market To Reach $52.37 Billion By 2030 | CAGR: 14.5%

The global e-bikes market size is expected to reach USD 52.37 billion by 2030, expanding at a CAGR of 14.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. Electric bikes are considered an eco-friendly and flexible mode of transportation. They are an ideal substitute for public transport, scooters, and smart cars as they help avoid traffic jams and achieve high speed with minimal effort. Moreover, they enable riders to maintain a healthy lifestyle through increased physical activity. These factors are contributing to the growth of the global market.

The declining consumer inclination toward cars owing to increased traffic on streets and growing urbanization is expected to offer lucrative growth opportunities for the market across the globe. Additionally, governments of several countries, including India, U.K., and Canada, are focused on developing infrastructures for bicycles owing to the growing consumer preferences for electric bikee-bikes. For instance, in 2017, Bikeep, a commercial bike parking systems and bike racks manufacturer, introduced a smart bicycle rack solution that offers electric bicycle charging. The solution is designed to cater to various popular electric bicycles.

Key players in the market are focused on strategies such as new product launch and geographic expansion to enhance their business operations and product offerings. For instance, in October 2020, Giant Manufacturing Co. Ltd. announced the launch of a full-composite trail bike, Trance X Advanced Pro 29. The bike is equipped with an updated Maestro rear suspension and flip-chip feature that permits riders to modify the frame geometry. Similarly, in October 2020, Pedego Electric Bikes opened a new store in Boca Raton, Florida. The store offers a full range of electric bikes for rental and sale, along with related accessories and services.

 Request a free sample copy or view report summary: E-bikes Market Report

E-bikes Market Report Highlights

The pedal-assisted segment is expected to dominate the market over the forecast period owing to the rising demand for pedal-assisted e-bikes among the youth and elderly population

The lead-acid battery segment dominated the market with a 55.2% market share in 2022, owing to benefits such as low cost and robustness. However, the share is anticipated to decline as a result of a significant rise in demand for Li-ion batteries

The Asia Pacific is expected to become the largest regional market over the forecast period owing to significant investments in the vehicle charging infrastructure and government subsidies for battery-powered vehicles

E-bikes Market Segmentation

Grand View Research has segmented the global e-bikes market based on propulsion type, battery type, power, application, and region:

E-bikes Propulsion Type Outlook (Revenue, USD Million, 2018 - 2030)

Pedal-assisted

Throttle-assisted

E-bikes Battery Type Outlook (Revenue, USD Million, 2018 - 2030)

Lithium-ion Battery

Lead-acid Battery

E-bikes Power Outlook (Revenue, USD Million, 2018 - 2030)

Less than or equal to 250W

Above 250W

E-bikes Application Outlook (Revenue, USD Million, 2018 - 2030)

City/Urban

Trekking

Cargo

Others

E-bikes Regional Outlook (Revenue, USD Million, 2018 - 2030)

North America

U.S.

Canada

Europe

U.K.

Germany

France

Asia Pacific

China

Japan

India

Australia

South Korea

Latin America

Brazil

Mexico

Middle East and Africa

Saudi Arabia

South Africa

UAE

List of Key Players in E-bikes Market

Accell Group N.V.

Aima Technology Group Co. Ltd.

Giant Manufacturing Co. Ltd.

Merida Industry Co., Ltd.

Pedego Electric Bikes

Pon.Bike

Rad Power Bikes Inc.

Trek Bicycle Corporation

Yadea Group Holdings Ltd.

Yamaha Motor Company

[medicaldevicesindustrynews]

E- Bikes can be a Good Way to Commute

Cycling has been in the scheme of things from a considerably long time. People travelled with bicycle, but were not able to travel longer distances that quickly, as they were just propelled by pedals. Innovation has got into the world of bicycles, and now, what are ruling the roost are the E-bikes. Sweat Less and Travel More with E-Bikes  As discussed in the beginning that the people were not…

[automotiveera]

How E-bike are Eco-Friendly?

We all are living in the world of technology. Gradually, technology has upgraded our lives. These days, the utmost of the nation is using e-bikes. The usage of cycle of vehicles is always better for the environment, but an E-bike is the major acceptance of green transportation of the era. Just think of an e-bike in place petrol functioned scooters rather than a normal bike. An e-bike utilizes rechargeable batteries that can travel up to 30 to 50 mph. Consequently, it is faster than the usual cycle to reach your journey's end faster and in better shape. E-bike is a growing industry and projected to reach USD 89,736 million by 2030.

What is an E-bike and Its Types?

E-bike is an electric and power-supported bike and one of the fastest-rising technology in the bicycle market. This bicycle utilizes an electric motor to aid you along. So, you can ride it like a standard bicycle, but with much less effort.

There are mainly two kinds of electric -bikes, such as pedal assist and throttle assist. An electric-bike motor functions by robotically switching on the motor when you pedal or throttle.

A pedal-assisted electric bike is one of the most popular choices. As you pedal, the motor gets powered, and it functions. In comparison, a throttle-driven electric -bike is like a normal motorbike. It moves with acceleration of the throttle.

Advantages of E-Bikes

Eco-Friendliness

An electric -bike is an environment-friendly bike. It is very much like a normal bicycle. Nevertheless, E-bike works on electricity rather than fossil fuel; it doesn’t produce any damaging gas into the environment. And because it functions on electricity, it doesn’t generate more noise.

Health and keeping active

If you are riding a pedal-assisted electric -bike, then it is going to be healthy. When you turn the pedals, your whole-body works. So, you are receiving exercise when you ride an electric -bike.

Speed

You can ride the electric -bike with speeds up to 30 kmph while using the motor. This speed is sufficient to ride in the city or everywhere else.

This is the maximum speed permitted by the government; because surpassing this speed limit can be dangerous. You can range the fast speed as per the motor power, but motor producers limit the speed for you.

Climbing

Riding up to the mountains is problematic for a desk person. Consequently, one of the main benefits of an electric -bike is that it is simple to ride when climbing hills or mountains.

Maintenance

Usually, Electric bicycles don’t need any kind of maintenance, but to keep it clean and smooth to ride, lubricate the system and frequently check the chain and wheels.

Hence, as we all know that vehicles that run on conventional fuels are hazardous to the environment, and riding an electric -bike is beneficial for both environment and the person who is riding it and also cost-efficient, and these are the main factors that will drive the adoption of electric -bike globally.  

[blogaarti]

E-bikes Market Size, Share, Status and Forecasts 2022-2029

Growing fuel prices and environmental concerns are leading to notable lifestyle transformations. One such drastic change is a profound customer propensity to adopt electric mobility options. Electric cars and two-wheelers are already showcasing outstanding growth patterns. As the need to curtail carbon emissions and save fuel costs grows recurringly, the global e-bikes market is set to exhibit skyrocketed growth. While these e-bikes are slightly heavier and costlier than their traditional alternatives, they offer significant advantages in terms of rider assist, speed, and overall mobility. Making them a reliable and cost-effective alternative. Several major economies are displaying promising trends in the adoption of e-bikes. Moreover, paced developments in battery technology are set to open new avenues of growth. Many favourable government norms have been passed to promote the adoption, manufacturing, and R&D of electric bicycles.

 For More Industry Insights Read: https://www.fairfieldmarketresearch.com/report/e-bikes-market

 Soaring Fossil Fuel Prices to Sustain Robust E-bikes Adoption 

Electric bicycles or e-bikes are usually costlier than traditional cycles but cost less than traditional two-wheelers such as internal combustion engine (ICE) powered mopeds and motorcycles. In the recent past, the explosive rise in gasoline or petrol prices across the globe has created a disincentive for ICE two-wheelers. Against this backdrop, the global e-bikes market is projected to exhibit tremendous growth. Moreover, e-bikes also provide better speed and comfort in comparison to traditional bicycles due to the ability to assist the rider via an electric drivetrain. Many end-users in the logistics, delivery, food, and tourism sectors are adopting e-bikes, this is set to further the market expansion.

Considerable Advancements in Battery Technologies to Create Opportunities 

Recent advancements in battery technology are creating notable market possibilities for the global e-bikes market. Lead-acid and lithium-ion batteries are some of the most employed types of batteries. While lithium-ion is a more robust, reliable, long-range, energy efficient, and scalable type of battery, lead acid battery power e-bikes are gaining tremendous traction. This is primarily due to the ease of lead-acid battery manufacturing and available expertise across several market regions. In the long term, the demand for lithium-ion battery-powered e-bikes is projected to grow by leaps and bounds. Both battery types are poised to create substantial business opportunities in the forecast period.

 Asia Pacific to Set Pace in E-Bikes Market on Account of Growing Support for EV Manufacturing and Adoption 

The considerable concentration of key market players, high fuel prices, and the presence of several supportive government regulations are sustaining the e-bikes market in Asia Pacific. Major regional economies such as China and India are key contributors to such a business environment. High demand for two-wheelers in several regional economies is also sustaining the growth of the regional market. Meanwhile, Europe is also exhibiting promising market trends in the e-bikes market. Keen focus on limiting carbon emissions, battery tech R&D, and supporting e-bikes consumer base are some of the factors that are strengthening the regional market in Europe.

Major Market Entities 

Some of the players in the global e-bikes market include Yamaha Motor Corporation (Japan), Accell Group N.V. (Netherlands), Giant Manufacturing Co. Ltd. (Taiwan), Merida Industry Co. Ltd. (Taiwan), and Pon.Bike (US).

 For More Information Visit: https://www.fairfieldmarketresearch.com/report/e-bikes-market

 About Us

Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.  

[carsthatnevermadeitetc]

Tank 300 Frontier Edition, 2022. A new special edition of the Chinese 4x4 that come with an E-bike. The Tank features lifted suspension,  a snorkel, a roof rack, off-road bumpers with integrated bullbar and winch, underbody protection, fender extensions, a set of beadlock-style 18-inch alloy wheels. The matching E-bike is a Buxus EVA modified to match the 4x4. Production will be limited to 3000 units

[breezeriderebike]

Choosing a Pedal Assist Cargo Bike

Pedal assist cargo bike come in several different styles, including box bikes, trikes, and tandems. Box bikes are similar to supercharged wheelbarrows, with a large, sturdy box at the front. Their low centre of gravity and low weight distribution help them keep a steady ride and handle loads easily. There are two and three-wheeled versions of box bikes, with the trike version having the highest capacity and nippiness. The two-wheelers, on the other hand, retain nippiness and manoevability while riding a heavy load, as they push the load at the front of the bike.

Longtail Pedal Assist Cargo Bikes

Longtail pedal assist cargo bikes have similar features to standard bikes, but their size and weight are reduced, allowing them to carry less cargo. These bikes also come in different wheel sizes, which can be a game-changer for some users. The downside is that longtail cargo bikes are difficult to transport and store. Depending on your needs, a longtail may not be right for you. But there are plenty of benefits to choosing a longtail cargo bike.

Range

When choosing a pedal assist cargo bike, make sure that it comes with a range of useful accessories. Look for rain tents, mudguards, and chaincases. A cargo bike that is durable and easy to maneuver is essential, so look for one with sturdy parts and good braking systems. While cargo bikes are a good alternative to cars, you will need to know how to balance them to avoid tipping over or crashing.

Mid-tail Pedal Assist Cargo Bikes

Mid-tail pedal assist cargo bikes are another option. These bikes have extra space in the back to store small bags and even a toddler seat. These bikes are great if you have limited space for storage, or if you're new to cargo bikes. If you're unsure about which kind to choose, you can rent one at a local bike shop. Many will waive the rental cost of a cargo bike when you purchase one.

Benefits

If you live in a city that has congestion and pollution, a pedal assist cargo bike can help you solve these problems. Not only can it be an efficient way to get around your city, but cargo bikes can also help the environment as well. You'll be able to save money by riding a cargo bike, and you'll be more aware of your surroundings. When choosing a cargo bike, make sure it is compatible with the climate where you live.

While pedal assist cargo bikes have been around for centuries, they have been a popular mode of transport for people and goods. In fact, bicycle couriers use cargo bikes to get around, and they are environmentally friendly. They also save a lot of fuel and are more efficient than cars. These bikes are becoming increasingly popular in urban areas and are becoming more common in many countries around the world. And with climate change being a major issue now, this bike can help the environment.

[bostonbikerentals]

Free electric bike assembly for any bike purchased through out bicycle partners.

[poojagblog-blog]

The global Ebike Market is forecast to grow from USD 48.7 billion in 2024 to USD 71.5 billion by 2030 at a CAGR of 6.6%, according to a new report by MarketsandMarkets. Major drivers driving the e-bike market are government subsidies and incentives, growing micro-mobility services, technological advancements in e-bikes, and infrastructure development dedicated to e-bikes. The e-bike market has been declining in the last few years due to supply chain disruptions, economic tensions between countries, decreased consumer spending due to the rising cost of living, and the overstocked inventory of ebikes with manufacturers and suppliers.

[vijukumar]

Electric Vehicle Sector | Market Size & Share

The global electric vehicle (EV) market has witnessed unprecedented growth over the past decade, driven by advancements in technology, supportive government policies, and increasing environmental awareness. As we look toward a future dominated by sustainability, the EV market stands as a beacon of innovation and progress. This blog delves into the intricacies of the EV market, covering its size, share, growth, trends, key players, and challenges, ultimately concluding with insights into the market's trajectory.

Market Size, Share, and Growth

Market Size

As of 2023, the global electric vehicle market size was valued at approximately USD 230 billion. This figure represents a significant leap from the early 2010s when the market was in its nascent stages. The rapid adoption of EVs across various regions, particularly in Asia-Pacific, Europe, and North America, has been a primary driver of this growth.

Market Share

The EV market is highly fragmented, with several key players holding substantial shares. Tesla, Inc., leads the market with a share of around 15%, followed by other prominent players such as BYD Company Ltd., Volkswagen Group, and General Motors. These companies have established themselves as frontrunners through extensive R&D, innovative product offerings, and strategic partnerships.

Market Growth

The EV market is expected to grow at a compound annual growth rate (CAGR) of 22.6% from 2023 to 2030. This robust growth is attributed to several factors, including increasing investments in EV infrastructure, advancements in battery technology, and a growing emphasis on reducing carbon emissions.

Market Trends

Technological Advancements

One of the most significant trends in the EV market is the continuous technological advancements. Battery technology, in particular, has seen remarkable progress, with lithium-ion batteries becoming more efficient, affordable, and sustainable. The development of solid-state batteries is poised to revolutionize the industry further by offering higher energy densities and faster charging times.

Government Initiatives and Policies

Governments worldwide are playing a pivotal role in the proliferation of EVs through various initiatives and policies. Subsidies, tax incentives, and grants are being provided to both manufacturers and consumers to encourage the adoption of EVs. For instance, the European Union has set ambitious targets for reducing CO2 emissions, which has significantly boosted the EV market in the region.

Charging Infrastructure Expansion

The expansion of charging infrastructure is crucial for the widespread adoption of EVs. Companies and governments are investing heavily in the development of fast-charging networks. Tesla’s Supercharger network and Ionity’s high-power charging stations in Europe are prime examples of how the infrastructure is evolving to meet the growing demand for EVs.

Emergence of New Market Entrants

The EV market has seen the emergence of several new players, including tech giants like Apple and traditional automakers like Ford and BMW entering the fray with new EV models. This influx of competition is driving innovation and pushing established players to continuously improve their offerings.

Market Players

Tesla, Inc.

Tesla remains the undisputed leader in the EV market. With a market share of approximately 15%, the company has set benchmarks for performance, range, and autonomous driving capabilities. Tesla’s Model 3, Model S, and Model X have been instrumental in popularizing EVs globally.

BYD Company Ltd.

BYD, a Chinese automotive giant, holds a significant share of the EV market. Known for its electric buses and commercial vehicles, BYD has also made strides in the passenger vehicle segment. The company’s commitment to sustainability and innovation has positioned it as a key player in the EV industry.

Volkswagen Group

Volkswagen has made a strong entry into the EV market with its ID. series. The ID.3 and ID.4 models have been well-received, helping Volkswagen secure a notable market share. The company’s commitment to transitioning from traditional combustion engines to electric drivetrains is evident in its substantial investments in EV technology.

General Motors

General Motors (GM) has embraced the EV revolution with its Chevrolet Bolt EV and the upcoming GMC Hummer EV. GM’s Ultium battery platform is a testament to its focus on innovation and scalability in the EV sector. The company aims to deliver over one million EVs globally by 2025.

Market Challenges

High Initial Costs

Despite the declining costs of EVs, the initial purchase price remains higher than that of traditional internal combustion engine vehicles. This cost disparity can deter price-sensitive consumers, particularly in developing markets.

Charging Infrastructure

While significant progress has been made in expanding charging infrastructure, it remains a critical challenge. The availability of charging stations, especially in rural and remote areas, is limited. This limitation can lead to range anxiety among potential EV buyers.

Battery Disposal and Recycling

The environmental impact of battery disposal and recycling is a growing concern. As the number of EVs on the road increases, so does the need for sustainable battery recycling solutions. Addressing this issue is crucial to maintaining the environmental benefits of EVs.

Range Limitations

Although advancements in battery technology have improved the range of EVs, it still falls short compared to traditional vehicles. Long-distance travel and the availability of charging stations along routes remain significant challenges.

Conclusion

The electric vehicle market is on a trajectory of remarkable growth and transformation. Technological advancements, supportive government policies, and increasing consumer awareness are driving the market forward. However, challenges such as high initial costs, charging infrastructure, and battery disposal need to be addressed to sustain this growth. Key players like Tesla, BYD, Volkswagen, and General Motors are leading the charge, continuously innovating and expanding their market presence. As the industry evolves, the emergence of new entrants and the expansion of charging infrastructure will play pivotal roles in shaping the future of the EV market.

[ashimbisresearch]

E-Bike Market Size, Share & Forecast | BIS Research

[aarunresearcher]

The United States e-bike market size reached US$ 943.3 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 2,338.0 Million by 2032, exhibiting a growth rate (CAGR) of 10.3% during 2024-2032. Shifting consumer preferences from gasoline-powered cars to zero-emission vehicles, the increasing government support to promote e-bike adoption, and the rising cost of fuel incentives with lower operating costs are among the key factors driving the market growth.

[automotiveera]

We all are living in the world of technology. Gradually, technology has upgraded our lives. These days, the utmost of the nation is using e-bikes. The usage of cycle of vehicles is always better for the environment, but an E-bike is the major acceptance of green transportation of the era. Just think of an e-bike in place petrol functioned scooters rather than a normal bike. An e-bike utilizes rechargeable batteries that can travel up to 30 to 50 mph. Consequently, it is faster than the usual cycle to reach your journey's end faster and in better shape. E-bike is a growing industry and projected to reach USD 89,736 million by 2030.

[techdriveplay]

DJI's Avinox Drive System Wins Eurobike Award 2024

DJI, a global pioneer in drone and camera technology, has taken a significant leap into the e-bike industry with the introduction of the Avinox Drive System at Eurobike 2024. This innovative e-bike drive system promises to transform the electric mountain bike (eMTB) landscape, earning the coveted “Winner” award in the Components category at the prestigious event. “The DJI Avinox Drive System…